ST Alpha - "NYT: Biden cancels Student Loan debt up to $10k / $20k Pell -- (link*)" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 155

NYT: Biden cancels Student Loan debt up to $10k / $20k Pell -- (link*)

Posted by budice Aug 24 '22, 08:39

(No message)

https://twitter.com/CNBCnow/status/1562464725321273347 (twitter.com)

Responses:

a friend had $12k in student loans 25 years ago. currently at $37k. she worked for a non-profit that reported her hours as 37.5/week, so the decade - colin Aug 24, 10:09 11
- She should look into whether the expansion of eligibility for public service loan forgiveness applies to her situation before it expires - znufrii Aug 24, 10:21 2
  - i'll let her know. she tried 2 months ago. has something changed since then? -- nm - colin Aug 24, 10:21 1
    - I don’t know any specifics, but just saw it mentioned in the release today that it was ending. -- nm - znufrii Aug 24, 10:23
- 12K going to 37K doesn't sound like a governmental lender, sounds private and Biden's action might not have helped her at all -- nm - crash davis Aug 24, 10:20 3
  - It sounds exactly like a government lender when you’re not making full payments, and counting on it being forgiven instead. -- nm - znufrii Aug 24, 10:22 1
    - You probably have the appropriate calculator there. What is the interest rate on that? -- nm - crash davis Aug 24, 10:33
  - right? not sure what her loans are, so she may get... $1k forgiven or something. -- nm - colin Aug 24, 10:20
- It's pretty ridiculous that $12k can't be paid down with a lifetime of employment. That it's at 3 times the borrowed amount already - TWuG Aug 24, 10:16 2
  - this is why social workers are all so poor.. you need a degree, doesn't pay for crap. when you struggle to pay rent, how can you pay off a school loan -- nm - colin Aug 24, 10:20 1
    - teachers too, in a lot of states. -- nm - colin Aug 24, 10:20
- i know that's anecdotal, but it is why there are still a lot of people just saying "do it all" - colin Aug 24, 10:13
Hey people that had their loans forgiven... can I have some money? - sycor Aug 24, 09:28
CNBC -- nm - crash davis Aug 24, 09:26
it jus occurred to me that if I'd paid back my grad school loans on the schedule the fed prescribed, I'd still be paying now. that's crazy. -- nm - amanda Aug 24, 09:16
Relevant tweet #1 -- (link) - Roger More Aug 24, 08:54 14
- Relevant tweet #2 -- (link) - Roger More Aug 24, 08:55 13
  - 100% -- nm - Remlik Aug 24, 09:32
  - Devil's advocate: you're not really getting a great deal when a store "discounts" something after jacking its price up above normal. - Max Aug 24, 09:24 5
    - The complaint I see more of is “not good enough for my six-figure debt” -- nm - Roger More Aug 24, 09:48 1
      - Sucks to be the edge case, I guess. -- nm - znufrii Aug 24, 09:51
    - That would be the structural change. I get the feeling we educate too many overseas students. They bring their money and keep prices high for everyone. -- (edited) - con_carne Aug 24, 09:30 1
      - I’m not sure that’s the driver for high prices - in Australia, Canada etc full fee paying foreign students make it cheaper for locals to go to - Roger More Aug 24, 09:58
    - “You get Hoynes.” -- nm - The Allfather Aug 24, 09:28
  - *nods* -- nm - znufrii Aug 24, 09:19
  - this. i effing can't with some people. -- nm - Diva Aug 24, 09:03
  - Such an accurate summary. -- nm - The Allfather Aug 24, 09:02
  - yup -- nm - budice Aug 24, 09:01
  - word -- nm - Beaker Aug 24, 08:56
  - 100% -- nm - prayformojo Aug 24, 08:56
Official Announcement. Also has payments capped at 5% of income -- (link) - budice Aug 24, 08:51 2
- same question as yesterday: what if I'm school and incurring debt now? is this only for graduates? also, what should I get for lunch? -- nm - amanda Aug 24, 08:52 1
  - Still unclear, and tacos. -- nm - znufrii Aug 24, 09:34
budice already posted this on B2. -- nm - Mop Aug 24, 08:40 8
- (this be more official) -- nm - budice Aug 24, 08:42 7
  - Do I get a refund on my previous loans? -- nm - Mop Aug 24, 08:42 6
    - No. I'm sorry you didn't get forgiveness, but your suffering doesn't require that suffering continue for others -- nm - TWuG Aug 24, 09:11
    - Looking forward to seeing how this applies to anyone that already consolidated - Strongbad Aug 24, 09:07 1
      - If you refinanced with a private lender probably not, if you consolidated with a federal consolidation loan you should still be good. -- (edited) - znufrii Aug 24, 09:12
    - ask again on the next board too. perhaps it will help. -- nm - Diva Aug 24, 09:05 1
      - 😏 -- nm - JD Aug 24, 09:06
    - Dear fed. gvt please make my $30,000 check out to ... -- nm - rollo Aug 24, 08:46

Post a message top

Replies are disabled on threads older than 7 days.